Thrust Vector Control (TVC) Market by Technology, Type and Geography - Forecast and Analysis 2023-2027

Thrust Vector Control Market Forecast 2023-2027

The thrust vector control (TVC) market size is estimated to increase by USD 2.57 billion, at a CAGR of 5.28% between 2022 and 2027. The necessity for thrust reversers to address challenging weather conditions upon landing, advancements in thrust vector control systems, and a rising need for next-generation aircraft are driving factors. However, challenges such as delays in delivery caused by technical issues, malfunctions in thrust vector control actuation system components, and maintenance limitations associated with these systems and their sub-components pose obstacles.

The demand for thrust reversers to manage challenging weather conditions during landings significantly propels the expansion of the worldwide market. Thrust reversers play a vital role in minimizing brake wear and ensuring directional control in instances of aborted take-offs. While serving as an auxiliary braking mechanism, airlines opt for the installation of thrust reversers due to their efficacy, especially in adverse weather conditions where conventional wheel braking systems might prove inadequate. European and North American airports, in particular, grapple with substantial ice accumulation on runways, posing obstacles for pilots attempting to execute smooth landings.

What will be the size of the Thrust Vector Control Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by technology (flex nozzle, gimbal nozzle, thrusters, and rotating nozzle), type (thrust vector actuation system, thrust vector injection system, and thrust vector thruster system), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Technology Segment Analysis: 

The flex nozzle segment will account for a major share of the market's growth during the forecast period. The FNC device uses an actuation mechanism that allows the underwater nozzle, which is connected to the main motor by a flexible joint, to be vectorized in all directions and at specified angles. Therefore, the increasing adoption of small satellite launchers is expected to drive the growth of the flex nozzle segment of the global market during the forecast period. 

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The flex nozzle control (FNC) system uses electromechanical actuators (EMAs) to deflect the rocket nozzle for precise steering of a launch vehicle. To create a compensation scheme based on the closed-loop specifications, servo analysis and linear modeling of the electromechanical actuation-based FNC system are performed. Moreover, The high accuracy control of the system utilizing the EMA depends critically on friction. The system is given a frictional model that takes into account both coulomb friction and stiction. Such factors will increase segment growth during the forecast period.

Type Segment Analysis:

Based on type, the market has been segmented into a thrust vector actuation system, a thrust vector injection system, and a thrust vector thruster system. The segment was the largest revenue-contributing segment in 2022, and it is expected to retain its position during the forecast period. These actuation systems are utilized on the long-range guided multiple launch rocket system from Lockheed Martin, and the evolved sea-sparrow missile from Raytheon. For instance, Honeywell International Inc. which is used on multiple platforms, including the SR19, IRBM-DSC, Orion Service Module, RS-25, AR-1, SM3, Castor 4B, and eSR19. The thrust vectoring nozzle on the underside of the aircraft is used to provide balanced lift. Thus, the increasing adoption of thrust vector control systems in missiles, launch vehicles, and spacecraft is expected to drive the growth of the global market during the forecast period.

Regional Analysis

North America is estimated to contribute 34% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

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The aerospace market is highly competitive worldwide. Boeing, Embraer, and Bombardier are the major commercial aircraft manufacturers in the region. These aircraft OEMs are competing with companies from Europe and Asia for their share of the global market. The competition has prompted Tier 1 and Tier 2 suppliers in the region to increase their manufacturing capacity, expand their footprint in the region, and attract investment from overseas suppliers and components from their suppliers, who seek to partner with major OEMs. It has become attractive. Such factors are expected to drive the growth of the global market during the forecast period.  

Technavio’s Exclusive Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. 

Market Dynamics and Customer Landscape

The market is experiencing robust growth driven by the increasing demand for high-performance vehicles and aircraft across various sectors, including missiles, spacecraft, and fighter jets. TVC systems offer enhanced maneuverability and agility, allowing vehicles to achieve a short turn radius and navigate challenging flight conditions effectively. With rising defense spending and expanding space programs globally, there is a growing emphasis on aerospace maneuvering capabilities, further propelling the demand for TVC technology.

Additionally, advancements in electronic control units (ECUs), actuators, and other critical components are driving innovations in TVC systems, leading to improved efficiency and reliability. OEMs are investing significantly in research and development to enhance TVC performance, reduce electricity losses, and optimize battery efficiency, thereby extending the mileage and operational capabilities of vehicles and aircraft. As a result, the TVC market is expected to witness sustained growth in the coming years, driven by the evolving needs of the aerospace and defense industries and advancements in propulsion technology.

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.    

Key Market Driver

The burgeoning demand for thrust reversers to manage adverse weather conditions during aircraft landings serves as a pivotal driver propelling the growth of the global market. Thrust reversers play a critical role in mitigating brake wear and facilitating directional control during aborted launches, enhancing safety measures. Particularly in regions like Europe and North America, where airports frequently encounter severe ice build-up on runways, the reliance on thrust reversers becomes paramount for smooth aircraft landings. Moreover, these systems serve as auxiliary braking mechanisms, offering effectiveness when traditional wheel braking systems may falter.

In addition to their utility in adverse weather scenarios, thrust reversers also contribute to operational efficiency under normal conditions. Pilots utilize thrust reversers to minimize reliance on wheel braking, thereby prolonging the lifespan of wheel brakes and reducing maintenance costs. With ongoing advancements and innovations in the aerospace industry, including the development of more efficient and reliable thrust reverser systems, the market is poised for further expansion during the forecast period.

Significant Market Trends

Growing demand for commercial and general aircraft is the primary trend in the global market growth. The consolidation of different economies through globalization and the increase in skilled labor and aijr transportation of goods. A growing middle-class population in the world due to continued economic growth and a corresponding increase in the frequency of holiday air travel. Also, the rapid improvement of civil aviation infrastructure has increased the demand. As a result, global civil air traffic is growing rapidly and aircraft utilization is very high. The rising aircraft use ratio indicates the average number of landings per aircraft per day is increasing.

The increasing number of very high net-worth individuals (HNWIs) is also increasing the demand for chartered flights or private jets for business and leisure. Global civil passenger traffic is expected to double in the next 15 years. Such factors are expected to increase the demand which, in turn, will boost the growth of the market during the forecast period.

Major Market Challenge

Delay in delivery due to technical glitches is a major challenge to the growth of the global market. With the rise in technological advances and increased use of enhanced systems, manufacturers of various aircraft parts, components, and sub-assemblies are pressurized to meet the increasing demand and rapid delivery times and resolve budget constraints. At times, aircraft manufacturers cancel their orders/projects due to the technical glitches associated with engines.

Rather, to increase production, the major focus of companies is likely to fix glitches in the flight-control software of the narrow-body aircraft series, which has already led to two crashes. This will create a healthy production system and reduce the maintenance cost of aircraft. The error occurred due to software technical glitches that occurred in the system. Such incidents hamper the growth of the entire supply chain associated with the aircraft program, including the manufacturers which, in turn, can hinder the growth of the market during the forecast period.

Who are the Major Thrust Vector Control Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Almatech: - The company offers solid propellant de-orbit motors. Also, the company specializes in the complete development of ultra-stable structures, high-precision mechanisms, and thermo-optical hardware.

Creative Motion Control: The company offers Electric Linear Actuator. Also, the company operates as a manufacturer of linear motion control products.

We also have detailed analyses of the market’s competitive landscape and offer information on 15 market players, including:

• BAE Systems Plc
• General Electric Co.
• Honeywell International Inc.
• JASC Corp.
• Leidos Holdings Inc.
• Moog Inc.
• Steven Douglas Corp.
• TT Electronics Plc
• Wickman Spacecraft and Propulsion Co.
• Woodward Inc.
• Northrop Grumman Systems Corp.
• Raytheon Technologies Corp.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Technology Outlook 
  • Flex nozzle
  • Gimbal nozzle
  • Thrusters
  • Rotating nozzle

• Type Outlook 
  • Thrust vector actuation system
  • Thrust vector injection system
  • Thrust vector thruster system

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The Market is influenced by factors such as Lockdowns impacting production and demand, alongside Defense spending and Space exploration activities driving growth. It caters to various applications including Launch Vehicles, Satellites, Missiles, and Fighter Aircraft, with technologies like Flex nozzles enhancing performance. Key players like Ursa Major and the United States Air Force drive innovation, with programs like the Tactical Funding Increase (TACFI) supporting advancements such as the Hadley engine. The market is segmented by End User, serving Space Agencies and Defense bodies. Global defense spending and events like Airshow China 2022 influence market trends. Geographically, the market covers diverse regions, with Industry Overview and Revenue Share analyses providing insights for Aerospace & Defense Research and Aerospace & Defense Technology Research.

The market is experiencing significant growth driven by various factors, including the increasing demand from original equipment manufacturers (OEMs) and rising space programs worldwide. As defense segments continue to prioritize next-generation guided missile systems and missile systems with enhanced capabilities, the need for advanced flight control systems like TVC becomes essential. These systems play a crucial role in ensuring precise flight direction and maneuverability of next-generation fighter aircraft equipped with stealth capability. Furthermore, the market is witnessing a surge in defense expenditure, particularly in regions investing heavily in long-range missiles and intercontinental ballistic missiles (ICBMs). Initiatives such as the Tactical Funding Increase (TACFI) program are further bolstering investments in aerospace technologies, including TVC systems. Additionally, advancements in China's aero-engine sector are influencing the development of TVC systems for both military and commercial applications.

Collaborations and partnerships between key players like BAE Systems' Australian subsidiary, Raytheon Technologies' Missiles and Defense business, and Collins Aerospace are driving innovation in TVC technology. These collaborations aim to enhance the performance of TVC systems, particularly in critical applications such as the Terminal High Altitude Area Defense (THAAD) missile system. Overall, with the increasing emphasis on next-generation missile systems and advancements in flight control technology, the TVC market is poised for substantial growth in the coming years. The global thrust vector control systems market is experiencing a transformative phase amidst unprecedented supply chain disruptions. As aerospace and defense industries grapple with complexities, innovations in thrust vector control systems have emerged as pivotal solutions. This article delves into the significance of thrust vector control amidst supply chain challenges, exploring its application across elevator, rudder, aileron control surfaces, aero controls, take-off and landing runs, turbofan engines, and even in low-earth orbit satellites.

 

Thrust vector Control Market Scope
Report Coverage	Details
Page number	161
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Decelerate at a CAGR of 5.28%
Market growth 2023-2027	USD 2,575.3 million
Market structure	Fragmented
YoY growth 2022-2023(%)	5.21
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 34%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Almatech, BAE Systems Plc, Creative Motion Control, General Electric Co., Honeywell International Inc., JASC Corp., Leidos Holdings Inc., Moog Inc., Steven Douglas Corp., TT Electronics Plc, Wickman Spacecraft and Propulsion Co., Woodward Inc., Northrop Grumman Systems Corp., and Raytheon Technologies Corp.
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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